The viewpoint of the broken economy of Britain: “This is the total bloody domestic product, and we have no” | Editorial
R.The image drawn by the official data of the UK economy in 2024 was drawn from a 14 -year -old country of Conservative Party’s rule. It is true that the economy grew – somewhat unexpected – however GDP of each head He fell, and showed prosperity to most people. There are some reasons for this decline, but nothing indicates a healthy society. One is the inequality of fleeing wealth, with gains reserved above. Another is the flagrant regional discrepancy, as some areas have been exceeded despite the high national gross domestic product. A third is the height of migration without enough job creation-more workers, but not enough wage positions.
The growing economy means little if it does not improve the standard of living. In 2024, he did not. This political reality has formed recent years, not in a good way. It should be noted that the woman’s tart in Newcastle to political world Anand Menon in 2016 warned that Britain’s exit from the European Union will collide with GDP: “This is your bloody gross domestic product, and not our result.” This continuous frustration explains the current violent reaction against the main politicians. No wonder that Sir Kiir Starmer wants his party to be one of the turmoil.
On Thursday, growth personalities offer the Prime Minister an opportunity to break the British policy template. Unfortunately, he looks hesitant in behavior. What is clear from statistics is that in 2024, government spending has led to growth – supported by increasing wages, especially in the public sector – instead of commercial investment or net trade. The work can challenge the current situation through a new economic vision that focused on the state. Instead, unfortunately, the government enhances the idea that growth depends on the government’s failure to confront Unrestricted capitalism.
Statistics often hide the role of the state and framing public services It is just other economic inputs instead of the demand engine. This distortion makes the economy look more paid in the market than reality, which enhances neoliberal myths. Consultant, Rachel Reeves, unfortunately, seems more passionate about compatible with these novels than challenging them. Plan to cut The clear borrowing of the public sector From March 2025 to meet the financial rules – austerity in another. The last time that this happened, after 2010, this led to a decade of weak growth and stagnant wages. Minister of Justice, Shabna Mahmoud, Get it. This week, the austerity role in testing services was described. If she tries to change the consultant’s mind, she deserves thanks. Britain cannot afford years of discounts.
One of John Mainard Keynes More intense The visions were good for society not always good for profits. For this reason Green allianceA Thinktank, right -injecting 3 billion pounds in railway price deduction to enhance passenger miles by 22 % is the smart economy. It is a victory for regional growth, climate and the most clean air. The state has the power to make capitalism work for the public – if it chooses to use it. But the delay in the Labor Party in launching its industrial strategy is a disturbing sign.
The UK must stay away from a financially paid economic model. Public investment in infrastructure-especially in disadvantaged areas-and skills and industry is needed to stimulate demand and create high-quality jobs. Raising wages and reducing inequality will guarantee prosperity on a large scale, not just asset bubbles. Belief in that “Markets know the best” It prevented bold work on the sparkling British economic divisions and climate emergency. After 40 years of weakening the state and rewarding the rented capitalism, reform is tangible. The work must build a system that delivers it.